Des Moines has long been a fertile ground for entrepreneurs and small businesses, with a variety of resources and programs designed to support their growth and success. Recognizing that between 70% to 80% of all new jobs originate from local small businesses, the city is committed to fostering an environment where these enterprises can thrive.
City Initiatives and Support
The City of West Des Moines offers several programs aimed at assisting small businesses and entrepreneurs. Notably, the Upper Story Housing Program provides financial assistance to property owners for renovating or constructing new apartments on the upper floors of mixed-use buildings, thereby enhancing the appeal and functionality of commercial spaces. Additionally, the Incentive Policy for Industrial Districts offers tax rebates for new industrial projects that increase a property’s taxable value, encouraging industrial growth within the city. For more information, visit the city’s official website.
Educational and Mentorship Opportunities
Several institutions in Des Moines are dedicated to nurturing entrepreneurial talent through education and mentorship:
- Pappajohn Center for Entrepreneurship Outreach at Drake University: Established in 1998, this center fosters strong relationships between Drake students and community entrepreneurs, offering various programs to support young entrepreneurs in the community.
- Pi515’s Girls Entrepreneurship Incubator: This six-week program empowers young women to develop entrepreneurial skills and launch their own businesses, providing mentorship from local business professionals and hands-on experience.
- DMACC Entrepreneurship Courses: Des Moines Area Community College offers a range of short-term courses covering topics such as starting a small business, online business strategies, and home-based business operations, catering to aspiring entrepreneurs seeking foundational knowledge.
Business Accelerators and Development Programs
To further support business growth, the Greater Des Moines Partnership has introduced the Scale DSM Business Accelerator. This tuition-free program assists small businesses by providing access to knowledge, management expertise, and networks necessary to increase revenue and create jobs. Participants engage in a five-module curriculum that includes case-based learning, practical strategies, and peer learning, culminating in the creation of a custom growth plan.
Community and Networking Events
Networking and community engagement are vital for entrepreneurial success. Events like 1 Million Cups offer a supportive space for entrepreneurs to connect, share ideas, and work through business challenges. Held every Wednesday, these gatherings foster a culture of entrepreneurship and community support.
Conclusion
Des Moines’ commitment to supporting entrepreneurs and small businesses is evident through its diverse array of programs, educational opportunities, and community initiatives. By leveraging these resources, local entrepreneurs can navigate the challenges of business ownership and contribute to the city’s economic vitality and innovation.